Huntsman facilities operational after Hurricane Katrina
Huntsman Corporation has announced that none of its manufacturing facilities were damaged by Hurricane Katrina and all are up and operating although the company stated that it has seen a dramatic increase in the cost of energy and many of its key feedstocks on a global basis, and it has also been negatively impacted by restrictions on the availability of certain raw materials as well as logistics and transportation limitations.
Peter R. Huntsman, president and CEO, commented, "We are pleased the storm did not damage our manufacturing infrastructure and are grateful that none of our employees was injured. However, we are experiencing significantly higher costs for, and limited availability of, some raw materials. Energy costs are also higher, and we must meet the challenges of the damage to the transportation and logistics infrastructure the hurricane left in its wake."
